DMCC honours Dubai’s Expo 2020 win
Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority has chosen the name ‘Burj 2020′ for the world’s tallest commercial tower, following the emirate’s Expo 2020 win.
To be held for the first time in the Middle East region, the Dubai Expo 2020, based on the theme: ‘Connecting Minds, Creating the Future’, will further drive the city’s position as more than just a transfer point between the East and West, and truly support the vision of the leadership of Dubai to become the new economic centre of the world.
“Few can imagine the impact that the Dubai of 2020 will have on the expo and how it will connect people, their ideas and aspirations,” says Ahmed Sulthan bin Sulayem, executive chairman of DMCC. “We are honoured to dedicate the world’s tallest commercial tower to this historic win by naming it ‘Burj 2020′.”
The new name follows DMCC ‘s announcement earlier in July to build the world’s tallest commercial tower as part of its free zone business park expansion plans (107,000 square metres), catering to the increased global demand from multinationals and regional companies for large-scale commercial space in Dubai.
The master plan for the ‘Burj 2020′ is currently in its final stages; architects are to be appointed in 2014, with ground breaking planned for 2015. DMCC will be engaging with partners and stakeholders, such as Dubai Municipality (DM), Roads and Transport Authority (RTA) and Dubai Electricity and Water Association (DEWA) in early 2014 to ensure a successful and timely delivery of the ‘Burj 2020′ and the DMCC Business Park.
DMCC has been a strong supporter of Dubai’s bid for the Expo 2020. It hosted UAE Expo 2020 ambassador team at Almas Tower on a number of occasions this year to learn about DMCC ‘s role in cementing Dubai’s position as a global commodities and trading hub.
With 66 mixed-use commercial and residential towers and more than 220 retail outlets in operation, there are currently more than 80,000 people working and living within the free zone in Dubai. With an average of 200 companies choosing to join DMCC each month and with a 94 per cent retention rate, it remains the UAE’s largest and fastest-growing free zone.